Godrej Properties Ltd has announced its entry into Raipur through the acquisition of a 50-acre land parcel near Old Dhamtari Road, one of the city's emerging residential zones. The upcoming premium plotted housing project will span a saleable area of approximately 950,000 sq. ft., with the development valued at an estimated Rs 2.3 billion.

Strategically located, the site enjoys excellent connectivity to central Raipur, the railway station, and Swami Vivekananda Airport. It is also near the proposed Raipur–Hyderabad and Raipur–Visakhapatnam expressways, and benefits from established social infrastructure and major highway access.

“This acquisition marks another significant step in our expansion journey as we continue to strengthen our presence in key micro-markets across India,” said Gaurav Pandey, Managing Director and CEO of Godrej Properties.

The initiative aligns with the company’s broader strategy of focusing on high-growth regions, especially through plotted developments, which cater to the increasing demand for self-owned land parcels and gated communities.

On Wednesday, shares of Godrej Properties rose 0.81 per cent to close at Rs 2,288 on the NSE.